Man, I hate posting about current events. I keep up on them, mind you. I just don’t post about them very often, mainly because I don’t want to get into arguments with strangers on the Internet. I also don’t want to get into argument with friends on the Internet, come to think on it.
With that said, I think I’ll take Two Lumps’ James L Grant’s recent post seriously. Here’s my humble rendition:
In case you’re wondering whether the men in suits we’re “bailing out” with fantastic amounts of money that’s being devalued by the minute are doing their utmost to set things right again, the answer would appear not only to be NO but also HELL NO. First AIG parties like there’s no tomorrow on our collective dime, then they hit up the Fed for more money. Hell, guys, all you had to do was not blow your wad to begin with! Let’s hear it for rewarding irresponsible behaviour!
I’m not (yet) in the doom-and-gloom camp, but this is the sort of thing that causes me to alternately weep for the future and froth with rage at the worlds of high finance and politics.
For more of the frothing, I recommend reading Mr. Grant’s aforementioned post. Be warned that strong language awaits. I kind of agree with this bit, though:
“I say we need to have these executives hauled into the streets like mad dogs and executed on national television.
“All those in favor?”
Aye.